Posted in: Auto Wheels News

Near-term demand worries in replacements biz cloud Apollo Tyres outlook – Business Standard

Topics
Apollo Tyres | automobile industry | Markets
Ram Prasad Sahu  |  Mumbai 

https://mybs.in/2cCQjoV

Led by a strong operating performance, posted better than expected financials in the December quarter. Higher gross margins led to a surge in operating profit and the softening raw material basket is a positive for profitability going ahead. Despite the improved show, the stock is expected to be range bound given the subdued outlook for domestic and international replacement segments.
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First Published: Tue, February 21 2023. 18:33 IST
Near-term demand worries in replacements biz cloud Apollo Tyres outlook - Business Standard, Near-term demand worries in replacements biz cloud Apollo Tyres outlook – Business Standard

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